ISLAMABAD; The State Bank of Pakistan (SBP) announced on Friday that Pakistan posted a current account surplus of $2.1 billion in the fiscal year 2024-25 — a remarkable turnaround from a deficit of the same amount recorded last year.
Despite a monthly deficit of $103 million in May 2025, largely driven by a widening trade imbalance and increased external debt servicing, the country managed to end the fiscal year with a substantial surplus.
The surplus in June alone stood at $328 million, significantly boosting the full-year total.
Finance Minister’s Adviser Khurram Schehzad highlighted the development on X (formerly Twitter), stating that this marks Pakistan’s highest current account surplus in 22 years. He credited the sharp rise in overseas remittances and export growth for this improvement.
Remittances climbed 27% year-on-year, reaching a record high of $38 billion. At the same time, textile exports rose by 7.4% to $17.9 billion, while IT and IT-enabled services exports jumped 44%, reaching $4.6 billion.
Schehzad also pointed to strong performance in the capital markets, with the KSE-100 index crossing the historic 140,000-point mark and the total market capitalization reaching Rs 16.8 trillion (around $60 billion).
Prime Minister Shehbaz Sharif welcomed the surplus, describing it as a positive sign of the economy’s stabilisation.
“Foreign exchange reserves have now crossed $19 billion due to government initiatives,” he said in a statement. He noted that rising remittances and exports were the main contributors to the surplus and emphasized that key economic indicators reflect Pakistan’s movement toward financial stability.
The premier also commended his economic team, reaffirming the government’s commitment to creating a pro-business and investment-friendly environment to sustain economic recovery and growth.
